$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas

Combining the preliminary estimates for both Harvey and Irma suggests that over 3.3 million total mortgaged properties are located in Irma and Harvey-related FEMA Disaster zones, while the dollar amount of total unpaid mortgage balances in these two zones is massive: between Irma’s $517 billion and Harvey’s $179 billion, the total potential.

Re: $700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas most banks and mortgage companies will grant "forbearance" on payments for at least six months to assess and hire contractors, and another six to twelve months to get repairs done.

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A satellite image of Hurricane Irma virtually. says accounts for $15.3 billion of the $19.38 billion of at-risk CMBS in the state of Georgia. Among florida metro areas, Orlando edges out Miami for.

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The report shows in disaster areas from Harvey and Irma combined, a total of $705 billion in unpaid principal balance was hit. in showing an uptick of 16% in mortgage delinquencies, and according.

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$700 BILLION UNPAID MORTGAGE BALANCES IN HURRICANE HARVEY AND irma disaster areas september 18, 2017 | ZERO HEDGE | WWW.ZEROHEDGE.COM | Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight Financial Services estimated that as many as 300,000 borrowers in the vicinity of Houston could become delinquent on their.

Combining the preliminary estimates for both Harvey and Irma suggests that over 3.3 million total mortgaged properties are located in Irma and Harvey-related FEMA Disaster zones, while the dollar amount of total unpaid mortgage balances in these two zones is massive: between Irma’s $517 billion and Harvey’s $179 billion, the total potential.

In comparison, Harvey-related disaster areas held 1.18 million properties – more than twice as many as with Hurricane Katrina in 2005 – with a combined unpaid principal balance of 9 billion. irma-related disaster areas now contain nearly seven times as many mortgaged properties as those connected to Katrina, with more than 11 times the.

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